AUTO BROKERS

Licensed dealers may be auto brokers.

  • An auto broker must complete a written agreement with a customer prior to arranging a sale through another dealer.
  • The agreement must clearly indicate the broker fee.
  • The broker fee can be paid by the selling dealer or buyer.
  • Only retail dealer can apply to become an auto broker.
  • The auto broker endorsement fee for this license is:
  • $100 the first year, $75 for renewal.
  • The broker must maintain a log of each brokered transaction.
  • Only Retail Dealer can apply to become an auto broker.

See Related Links Below:

 DMV Brokering Agreement: Form and Contents – go to: http://www.dmv.ca.gov/pubs/vctop/d05/vc11738.htm